Senate approves Bt1.9tn stimulus package

By THE NATION

 

 

The Senate today (June 2) endorsed the three emergency decrees for an economic stimulus package worth Bt1.9 trillion after two days of vetting.

 

The first decree empowers the Finance Ministry to borrow Bt1.1 trillion to revive the economy after the toll taken on business by the Covid-19 pandemic.

 

The second decree will trigger soft loans of Bt500 billion for small and medium sized enterprises (SMEs) hit by the outbreak.

 

Spending under the third decree is aimed at stabilising the country's financial system and economic security.

 

Related story: MPs push Bt1.9-trillion Covid-19 aid package through Parliament

 

-- © Copyright The Nation Thailand 2020-06-03

 

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The government forces you to shut down, going into major debt, then proposes to let you borrow money from said government. Nice scam... The last thing I would want to do is to go into more debt. Small business will never be able to recover. 

1,9 Trillion - that's a lot of zero's.

 

Guess the submarines have been put on hold.

 

 

4 hours ago, webfact said:

Senate approves Bt1.9tn stimulus package

Surprise, surprise!